Even though we are in the midst of the U.S. growing season, market attention is starting to focus more on the crops that may be planted in South America this year. 

Nearly all indications currently point toward an increase in plantings in both Brazil and Argentina. Sources in Brazil already claim they will plant nearly 4% more soybean acres this year than last. The primary reason for this is the currency spread between the Brazilian real and the U.S. dollar. 

All commodity trade around...